LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Value ETF
IVE
|
+$517M |
| 2 |
Capital Group Dividend Value ETF
CGDV
|
+$468M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$367M |
| 4 |
Capital Group Growth ETF
CGGR
|
+$301M |
| 5 |
Vanguard S&P 500 ETF
VOO
|
+$293M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$461M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$130M |
| 3 |
BSCP
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
|
+$119M |
| 4 |
Schwab US Dividend Equity ETF
SCHD
|
+$113M |
| 5 |
Pacer US Cash Cows 100 ETF
COWZ
|
+$103M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.6% |
| 2 | Financials | 3.6% |
| 3 | Consumer Discretionary | 2.68% |
| 4 | Communication Services | 2.56% |
| 5 | Healthcare | 2.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SMHX
2601
VanEck Fabless Semiconductor ETF
SMHX
$263M
| $4.61M | ﹤0.01% |
121,307
+112,407
| +1,263% | +$4.37M |
|
|
TTAN
2602
ServiceTitan Inc
TTAN
$8.43B
| $4.6M | ﹤0.01% |
43,195
+10,554
| +32% | +$1.03M |
|
2603
HDFC Bank
HDB
$120B
| $4.59M | ﹤0.01% |
125,640
-102,880
| -45% | -$3.7M |
|
2604
Global X S&P 500 Risk Managed Income ETF
XRMI
$49.8M
| $4.59M | ﹤0.01% |
256,731
+16,466
| +7% | +$294K |
|
2605
Bio-Techne
TECH
$11.2B
| $4.58M | ﹤0.01% |
77,923
+4,244
| +6% | +$258K |
|
2606
AllianzIM U.S. Equity Buffer20 Feb ETF
FEBW
$199M
| $4.58M | ﹤0.01% |
134,926
-4,018
| -3% | -$134K |
|
2607
iShares MSCI Kokusai Fund
TOK
$257M
| $4.57M | ﹤0.01% |
33,104
-136
| -0.4% | -$18.6K |
|
2608
Harmony Gold Mining
HMY
$12.2B
| $4.57M | ﹤0.01% |
229,493
+48,991
| +27% | +$914K |
|
|
FUND
2609
Sprott Focus Trust
FUND
$319M
| $4.56M | ﹤0.01% |
525,819
+82,782
| +19% | +$698K |
|
|
BTO
2610
John Hancock Financial Opportunities Fund
BTO
$809M
| $4.55M | ﹤0.01% |
129,785
-10,712
| -8% | -$371K |
|
2611
Gartner
IT
$11.8B
| $4.55M | ﹤0.01% |
18,023
-3,367
| -16% | -$810K |
|
2612
CF Industries
CF
$17.8B
| $4.54M | ﹤0.01% |
58,725
+7,044
| +14% | +$579K |
|
2613
Planet Labs
PL
$8.45B
| $4.54M | ﹤0.01% |
230,212
+41,776
| +22% | +$599K |
|
2614
CALL
NVIDIA
NVDA
$5.27T
| $4.53M | ﹤0.01% |
24,300
-15,100
| -38% | -$2.81M |
|
2615
Telus
TU
$15.2B
| $4.52M | ﹤0.01% |
343,383
-21,081
| -6% | -$297K |
|
2616
Range Resources
RRC
$9.5B
| $4.52M | ﹤0.01% |
128,253
-18,722
| -13% | -$697K |
|
|
DPG
2617
Duff & Phelps Utility and Infrastructure Fund
DPG
$523M
| $4.52M | ﹤0.01% |
355,576
+10,234
| +3% | +$133K |
|
2618
Blackstone Mortgage Trust
BXMT
$2.47B
| $4.51M | ﹤0.01% |
235,712
-10,144
| -4% | -$192K |
|
2619
Regal Rexnord
RRX
$11.5B
| $4.5M | ﹤0.01% |
32,085
-5,061
| -14% | -$720K |
|
2620
Invesco Dorsey Wright Utilities Momentum ETF
PUI
$54.7M
| $4.5M | ﹤0.01% |
103,157
+2,816
| +3% | +$129K |
|
2621
Kimco Realty
KIM
$16.1B
| $4.5M | ﹤0.01% |
221,772
-1,268
| -0.6% | -$26.3K |
|
2622
Icon
ICLR
$12.8B
| $4.49M | ﹤0.01% |
24,667
-4,497
| -15% | -$801K |
|
2623
EA Bridgeway Blue Chip ETF
BBLU
$461M
| $4.49M | ﹤0.01% |
294,468
+51,911
| +21% | +$794K |
|
2624
Stride
LRN
$3.29B
| $4.49M | ﹤0.01% |
69,149
-69,647
| -50% | -$6.32M |
|
2625
Crown Holdings
CCK
$13.1B
| $4.49M | ﹤0.01% |
43,585
-2,556
| -6% | -$249K |
|
Similar funds
LPL Financial's Q4 2025 Portfolio in Review
As of Q4 2025, LPL Financial held 6,133 positions worth $366B, up 6.7% from $343B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $17.7B of net new capital in Q4 2025, opening 355 new positions and adding to 3,269 existing holdings. Its largest new stake was Akre Focus ETF: 2,308,689 shares worth $151M.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 8.8% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares MSCI USA Quality Factor ETF, an estimated $461M trimmed.
- LPL Financial's largest Q4 2025 buy was Akre Focus ETF: 2,308,689 shares worth $151M.
- LPL Financial added most to iShares S&P 500 Value ETF in Q4 2025, an estimated $517M increase.
- LPL Financial's biggest Q4 2025 reduction was iShares MSCI USA Quality Factor ETF, cutting an estimated $461M.
- LPL Financial fully exited Invesco BulletShares 2025 Corporate Bond ETF in Q4 2025, selling an estimated $119M.
- LPL Financial's ten largest holdings make up 15% of its $366B portfolio in Q4 2025.
- LPL Financial opened 355 new positions and closed 267 in Q4 2025.
- LPL Financial's portfolio value rose 6.7% quarter-over-quarter to $366B.
Based on LPL Financial's 13F filing for Q4 2025, filed 11 Feb 2026.